Apple Hailed As 'Table-Pounder' Tech Stock To Own By Top Analyst Who Calls Vision Pro 'Potential Game Changer'
Portfolio Pulse from Shanthi Rexaline
Wedbush analyst Daniel Ives hailed Apple Inc.'s Vision Pro as a 'potential game changer,' noting strong customer interest and early success. Despite a high price point of $3,500, the product has seen a very strong reception, leading Wedbush to maintain a bullish outlook on Apple, with a $250 price target. Ives anticipates the Vision Pro will mark Apple's initial foray into AI, with future models evolving into more accessible form factors and pricing, and a separate AI App Store announcement expected at WWDC this summer.
February 05, 2024 | 7:20 am
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Wedbush analyst Daniel Ives remains bullish on Apple, maintaining a $250 price target due to the strong reception of Vision Pro and its potential impact on Apple's foray into AI.
The positive reception of Vision Pro and its potential as a game changer in technology, along with the anticipation of Apple's deeper dive into AI, supports a bullish outlook for Apple's stock in the short term. The analyst's confidence in the product's success and the set price target reflect expectations of strong performance and growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100